Very few people realize at the outset of a divorce proceeding just how complex the process can be when marital property includes retirement accounts. When couples get divorced, retirement benefits commonly form a substantial part of the marital property and often can be among the highest-valued assets that a couple owns.Dividing retirement accounts, such as…
Who Gets the Marital Home in the Divorce? There are financial costs associated with divorce, and sometimes those costs can be astronomical. But the non-quantifiable costs brought on by divorce can be even more devastating, namely the mental and emotional impact it can have on the family. Often, deciding what to do with the marital…
When filing for a divorce in Maryland, decisions are made regarding the fundamentals: marital property, alimony, and—if there is at least one minor child—custody and child support. Resolution of these issues is required no matter who you are, where you live, or how much money you make. But your personal wealth could become a major…
How Are Retirement Plans Divided in a Divorce Case? One of the largest assets to be divided between divorcing spouses [both genders] is often the retirement plans/ benefits or one or both spouses. Judges may order that the “marital” portion of such retirement benefits be divided between the divorcing spouses and paid, even years in…